The central bank governor, Alan Bollard, raised the benchmark interest rate to a record 8.25percentt last month, saying four increases this year might contain inflation.
Many analysts think that economic weakness, subpar inflation and global pressures will cause the Fed to slow its pace of rate hikes this year from what had been expected to be four increases to perhaps only two.
China's economy grew by 9.7 percent in the first quarter, but other data showed manufacturing, bank lending and other activity cooling after four increases in interest rates since October.
The program of rate moves that some Fed watchers expect -- four increases of one-quarter point each between now and the end of the year -- would suit the European Central Bank fine, according to Ulrich Ramm, chief economist at Commerzbank in Frankfurt.
The main features of 13 15 December disturbances were four increases in Kp index up to Kp=2,4,4, and 3−.
On a 15-0 vothe the council asserted jurisdiction over the Department of Water and Power board's decision to approve the first of four increases over the next year to help pay for renewable energy and other expenditures.
